Cool Cats Raffle Burns More Than 100 Million MILK Tokens

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Cool Cats recently announced its raffle for three unminted, original NFTs, and in less than 24 hours, the raffle has burned more than 100 million MILK tokens.

Each raffle ticket costs 2,000 MILK tokens, which is currently equivalent to about $2. The MILK that is spent on these raffle tickets is burned by the team in an effort to thwart the ever-expanding supply.

The first raffle is expected to end on Jul. 25 at 12 p.m. ET. The three winners will be chosen on Jul. 26 at 12 p.m. ET using Chainlink for random number generation. All raffle tickets exist on the blockchain to ensure the process is 100 percent random.

This raffle is part of the team's effort to add utility to its native MILK token. MILK can currently be used to purchase items in the Cool Cats marketplace, re-roll quests for Cool Pets, and other fun IRL (in-real-life events), like advertising your Cool Cat in New York during NFT NYC.

Author Bio

Jason Bales

Jason is an NFT lead at Lucky Trader. He has been involved in the NFT space since CryptoKitties in late 2017 and got involved in NBA Top Shot in early 2021 (Series 1 Legendary From The Top LeBron James Block, anyone?). Now, he spends most of his days yelling, "get off my lawn" at the PEPE and Nakamigos kids.

Disclaimer: The author or members of the Lucky Trader staff may own NFTs discussed in this post. Furthermore, the information contained on this website or the Lucky Trader mobile application is not intended as, and shall not be understood or construed as financial advice. AI may have assisted in the creation of this content.